Skip to main content

Report: Large banks opened far fewer branches in minority areas since 2010

From the American Banker:

"Without more prodding and pressure, big banks will continue to overlook many, many communities that need access to financial services," Weiner said during a webinar outlining the findings.

The findings show "there is much work to be done for banks to live up to their promises to promote racial and socioeconomic equity," Paulina Gonzalez-Brito, executive director of the California Reinvestment Coalition, said in a news release.